Alternative Arrangement definition
Examples of Alternative Arrangement in a sentence
Notwithstanding anything herein to the contrary, no Partial Assignment of any Shared Contract or Acceptable Alternative Arrangement shall be completed if it would violate any applicable Law or the rights of any third party to such Shared Contract.
The Company will cooperate in good faith with the Insurer to find an Alternative Arrangement.
To the extent that Purchaser receives such benefits, Purchaser shall assume Seller's Liabilities thereunder arising on or after the Closing Date with respect to such Alternative Arrangement and Purchaser shall perform any such obligations of Seller arising under such Alternative Arrangement.
Operate and maintain its Vessel safely and in accordance with Customary Industry Practice and the requirements of the relevant Acceptable Charters and, in respect of any Alternative Arrangement Borrower, any Alternative Charters.
Each of the Third Party Consents shall have been obtained without the imposition of any conditions adverse to Purchaser; provided, that if an Alternative Arrangement has been entered into in lieu of a Third Party Consent for an Assumed Contract as contemplated by Section 5.1(d), no consents or approvals with respect to such Assumed Contract shall be required under this Section 6.4.